print| Status | Active |
|---|---|
| Listing ID | 190138 |
| Listed Price | $265,000 |
| Down Payment | $265,000 |
| SDE | $127,000 |
| Total Sales | $375,000 |
| Asset Info | |
| Inventory‡ | $8,000 |
| Leasehold Improvements† | $100,000 |
| Furn., Fixtures & Equip.† | $50,000 |
|
† Included in price |
|
Reason For Sale
Seller Lives in Long Beach; too far away
Operations
| Year Established | 1991 |
|---|---|
| Form of Ownership | Sole Proprietorship |
| Absentee Owner | N |
| Franchise | N |
| Days & Hours | 11AM-9PM Mon. - Sat. Closed Sunday |
| Years Owned | 5 |
| Business Age | 21 |
Location
Ventura County| Type of Location | Shopping Center |
|---|---|
| Lease Expires | 12/31/2013 |
| Security on Lease | |
| Location Comments | Plenty of parking. CAM charges are an additional $500 per month |
Executive Summary
Business Description
Very successful Asian Quick-Serve Restaurant similar to a Panda Express but with a wider variety of menu items and no royalty fees. Excellent owner-operated operation with substantial cash flow. The restaurant has been operating for 10 years in this beautiful Gold Coast city; 5 yrs. with the current owner. Great location in a large shopping center with plenty of parking and great lease. Owners want to open a location closer to their home in Long Beach.
For further information please complete the brief Confidentiality Agreement on my website at http://mballas.com/OnlineNDA.html.
Broker - Michael Ballas, CBB
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